CEA: Consumer Confidence in Economy at Highest in Nearly Four Years
Jan 25, 2012
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Consumer confidence in the overall economy in January 2012, according to the latest Consumer Electronics Association Index, reached its highest point since February 2008. Consumer confidence in technology spending fell in January 2012, which CEA said is consistent with previous post-holiday results.
CEA's measures consumer expectations about the broader economy, the Index of Consumer Expectations (ICE), was 177.3 in January 2012, up from 170.7 in December 2011. It is also up from 175.7 in January 2011, which was the highest point for the index in 2011.
“Overall sentiment continues to improve as the ICE has rebounded since reaching an all-time low in November,” said Shawn DuBravac, CEA’s chief economist and director of research. “Sentiment has improved by more than 13% in the past two months, which is a hopeful sign of consumer expectations for recovery in 2012.”
The CEA measure of consumer expectations about technology spending, the Index of Consumer Technology Expectations (ICTE), was 88.0 in January 2012. The index was down from 93.6 in December 2011 but flat compared to 88.1 in January 2011.
DuBravac said the industry expects a lull in tech spending after the holiday season and before new models launch in March.
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